S&P 500
1666.13
-1.34 -0.08%
Dow Indu
15332.44
-21.96 -0.14%
Nasdaq
3496.16
-2.81 -0.08%
Crude Oil
96.67
-0.26 -0.27%
Gold
1385.49
-0.99 -0.07%
Euro
1.28840
+0.00099 +0.08%
US Dollar
83.994
+0.238 +0.31%
Weak

Gold Chart of The Week

May 20, 2013 By 6 Comments

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (May 20th through May 24th)

After wrapping up a week full of economic data in the United States, we now look forward to a fairly light schedule. At this point, most traders realize how insignificant the results of these reports are and they will likely continue to follow the stock indexes with a “buy the dip and enjoy the trip” mentality. Why wouldn’t they? Indexes like the S&P 500 have only spent about a week below the support trendline since the move began in November of 2012. Even after a string of misses in the middle of last week, the S&P Futures only pulled back a fraction of the prior day’s move up. And that was only long enough for the buying to resume and a new high was put in shortly thereafter. [Read more...]

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Weekly Futures Recap W/Mike Seery

May 17, 2013 By Leave a Comment

We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Precious Metal Futures--- The precious metals fell out of bed this week especially gold which finished down for the 6th consecutive day trading far below its 100 day moving average all due to the fact that the U.S dollar hit another contract high today trading up nearly 70 points again today as investors are fleeing out of gold and taking that money and placing it in the U.S dollar and the S&P 500 which is hitting another record high again today. Gold futures for the June contract settled last Friday at 1,436 finishing down about $70 for the week trading at 1,362 hitting a 2 year low with a possible retest of 1,321 which was hit on April 16th of this year. Investors see no reason to own gold at this point in time when you can buy the stock market which seems to go up every single day, however the real story is large hedge funds including George Soros which have been liquidating their gold positions in recent weeks and that is also putting pressure as investors are taking money out of the ETF gold market. [Read more...]

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Chart to Watch - Coffee

May 17, 2013 By Leave a Comment

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the Coffee. (KC.N13.E).

I hope you are having a GREAT week !!!

Coffee could be turning bullish, so this week let's take a look at the Coffee Chart.

With Futures we use the weekly MarketClub Trade Triangle for trend, and the daily MarketClub Trade Triangle for timing.

Coffee put in a weekly green Trade Triangle on what looks to be the breakout to the upside of the base. [Read more...]

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Exchange-traded funds entering new phase of growth

May 16, 2013 By Leave a Comment

The headlines about exchange-traded funds suggest there are no limits to the growth of these low-cost, easily traded alternatives to mutual funds.

Among the recent developments: ETFs have attracted at least $100 billion in new cash for each of the past six years, growing at a far more rapid pace than traditional mutual funds. ETF assets have doubled over the past three years to $1.4 trillion, with one study projecting they'll hit $3.5 trillion by 2016. ETFs have recently begun to appear as investment options in 529 college-savings plans and 401(k)s.

Yet obstacles are beginning to appear. It has become more difficult for fund companies to launch ETFs that are significantly different or lower-cost than what's already on the market.

"We're close to a tipping point in terms of numbers," says Todd Rosenbluth, director of ETF research at S&P Capital IQ. [Read more...]

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Poll: Benghazi, IRS, AP scandals

May 15, 2013 By 38 Comments

Three major topics/scandals at the top of the news this week are the Benghazi terror attack, the IRS targeting conservative groups and the Justice Department going after AP phone records. For me, the most important and scariest one of the bunch is the IRS targeting conservative groups. I find it very unsettling that the IRS can have so much power to freely do what they want to do. As for the other two topics/scandals, I'm not sure what to think, other than Obama just needs to speak the truth for a change. With that said, we wanted to have a quick poll to see....

Which of the three scandals are most important to you?

View Results

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As always, we would love to hear your thoughts. Please take a moment to vote on the poll and leave a comment with your thoughts.

Every Success,
Jeremy

 

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Why Futures for Stock Traders?

May 15, 2013 By 1 Comment

By: Leslie Burton

Whether you have traded a stock account for years or have just begun stock trading, you may have mixed results. Perhaps you have taken a course or you are simply well-read in your investment choices. The questions that every investor, trader and wealth manager must ask are, Am I diversified enough to produce a smooth equity curve with my portfolio? and Will this portfolio be weighted well enough to stand worst-case-scenario market conditions? If you hesitate to answer those questions, then perhaps taking a look at other products may broaden your knowledge and enhance your current investment portfolio.

The beauty of trading stocks online is that it keeps overhead costs down by trading out of your home. You will have immediate access to market information along with your account to place trades as you check the stock earnings, operating costs and any news that may impact the company. Typically, the cost of doing business is your low commission rate, use of your home computer and any subscription material to keep you informed. Most trading occurs in expanded hours, giving the investor time to trade whether it is a full-time or secondary job. The online platform allows the trader convenient access to the funds in his/her account readily. [Read more...]

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Stocks rise further as optimism prevails

May 14, 2013 By 1 Comment

Stocks pushed higher Tuesday as investors remained optimistic that economic growth is picking up, but not so much that the U.S. Federal Reserve will start to wind down its stimulus program imminently.

Over the past few weeks, investors have been picked up by a wave of optimism over a range of issues including the prospects for the U.S. economy following a run of forecast-busting jobs figures.

That has pushed several indexes to record highs. The Dow Jones industrial average and the broader S&P 500 index both hit new highs on Tuesday.

Waning fears over Europe's debt crisis and the bold attempt by Japan's monetary authorities to shake off a two-decade economic stagnation have also helped. [Read more...]

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Beyond the "Spotlight"

May 14, 2013 By 2 Comments
For the Week of May 13, 2013
By: Don DeBartolo

The GBE Trade Spotlight advisory service applies the GBE trading methodology (buying or selling commodity contracts based on breakouts of chart formations and technical indicators) to identify one to two trade setups per week.

Highlighting This Week’s Potential Breakouts:

June 2013 British Pound

The June 2013 British Pound futures contract closed below a lower trend line on Friday. There are touches on the trend line at 1.4823 (3/12/13), 1.5027 (4/04/13), and 1.5192 (4/23/13). The Trend Seeker (a US Chart Company tool to help identify market trend) is Neutral. The MACD, a trend indicator, is bearish and above the baseline. Although MACD is bearish, until the Trend Seeker changes to a Downtrend, there is no entry trigger confirmation. [Read more...]

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Gold Chart of The Week

May 13, 2013 By 4 Comments

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (May 13th through May 17th)

Outside of a late week Currencies surge, there were very few fireworks to report in last week’s business. This week however, may be a different story.

Thursday and Friday of last week provided some decent movement in the Dollar and Euro, but it appeared things began in the Japanese Yen, then spilled over. Throughout the last several weeks, there have been multiple attempts to push the Yen to new lows for the year, but it always seemed that somehow the plan was foiled. After the selling pressure triggered stop-orders below support, all other Currencies had to react. There was a firm rebound in the US Dollar and an inverse move in the Euro Currency. Surprisingly, the swings in the Currencies had very little impact on outside markets. In fact, most other sectors of the markets were rather stale and choppy. A Treasury Bond auction had some impact on the 30yr bonds and 10yr Notes, but there was little else in the week that provided any excitement. The same goes for the Gold Futures. Normally, traders would use the direction the Dollar or the Stock Indexes as a guide for what to expect in the Metals, but those former relationships are no longer in play on a day to day basis. [Read more...]

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What Do All Super Traders Have in Common?

May 12, 2013 By 2 Comments

Often what is missing from an unsuccessful trader's strategy has nothing to do with what trading software they are using or which technical indicators they follow, but more about their psychology as a trader.

What differentiates these "super traders" from the rest of us? Well, read the questions below and if you answer 'no' to any of them, then you may be lacking important characteristics that are holding you back from trading success.

-  Have you learned to develop patience with your trading?
-  Do you know how to come out of a loss as a better trader?
-  Are you able to avoid trading panic?
-  Do you love trading?

Watch today as Jack Schwager, best-selling author of Market Wizards, presents "Market Wizard Insights" - a powerful guide to get you on the road to profitability, completely free of charge.

Visit here to watch now compliments of INO TV.

Enjoy,
The INO TV Team

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